Insider dealing is the practice of trading, whilst with insider knowledge and/or information. The allegations also cover when information is disclosed to others other than in the normal course of employment. This can be to a colleague, friend, or family member, and without any expectation that the person would trade on the basis of the information disclosed. Insider trading can be treated as a breach in market regulations. However, it is also a criminal offence, which can result in up to 7 years in prison. 

The Financial Conduct Authority (‘FCA’), will generally be in charge of bringing any prosecution as they are the main investigatory body.  However, it could be transferred to the CPS. Lloyds PR Solicitors have a wealth of experience dealing with both FCA prosecutions and regulatory crimes. It is important if you are facing an allegation of insider trading that you seek legal advice as soon as possible.